Ewj: elliott wave

[ericmoles]

It works. Thanks guys. Bit of a process though. : )

 

[Mup]

782 is in the sights of the bears...

5min ES

 

[Mup]

NQ H9 finsihed its double 3 (b) now in a (c)
see what you think..
60min....

 

[ed]

Thanks Mup!

Christmas is long over but you always have something for everybody!

 

[Mup]

Thanks ed..

Goldman denying that they had a "round table" on the Geithner's Bank Plan ....

http://www.cnbc.com/id/29163525

We all know if GS states something public the, opposite meaning is normally true...

 

[Mup]

Got to that 1:1 @ 806 from this morning... which might tempt some bulls..

 

[ed]

Hmmm... Seems like the bulls were charging up the NDX as well....

I've re-drawn a possible ABC, the c wave which could go up to ~1246 as a 50% retracement.....

NDX 30min

 

[Mup]

+25 bounce seems some bulls were tempted indeed...

Same pattern as ed points out into the 38.2%...

 

[Mup]

We could still be in that pesky triangle pattern with todays 1:1 finally finishing off the (d) wave...

15min ES chart of the corrective mess.... :eek:

 

[Mup]

Larger view on the 240min SPX of that triangle or a-b-c pattern...

Delta time window runs out over the weekend so the lesser frame will have shown its hand by then, which will help greatly with direction...